Pacific Ridge Capital Partners LLC grew its holdings in Caleres Inc (NYSE:CAL) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,590 shares of the textile maker’s stock after purchasing an additional 1,840 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 0.13% of Caleres worth $1,828,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC purchased a new position in shares of Caleres in the 3rd quarter worth approximately $183,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Caleres in the 4th quarter worth approximately $234,000. Fox Run Management L.L.C. purchased a new position in shares of Caleres in the 3rd quarter worth approximately $244,000. Cubist Systematic Strategies LLC grew its position in shares of Caleres by 440.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,362 shares of the textile maker’s stock worth $316,000 after buying an additional 8,443 shares during the last quarter. Finally, LaSalle Street Capital Management LLC grew its position in shares of Caleres by 65.0% in the 3rd quarter. LaSalle Street Capital Management LLC now owns 11,949 shares of the textile maker’s stock worth $365,000 after buying an additional 4,707 shares during the last quarter. Institutional investors and hedge funds own 83.34% of the company’s stock.
A number of research analysts have recently issued reports on the stock. UBS Group downgraded shares of Caleres from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Friday, February 2nd. ValuEngine downgraded shares of Caleres from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $33.00 price objective (up previously from $32.00) on shares of Caleres in a research report on Tuesday, January 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Caleres in a research report on Wednesday, November 22nd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Caleres presently has a consensus rating of “Hold” and a consensus target price of $33.17.
In other Caleres news, insider Daniel R. Freidman sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $28.45, for a total transaction of $284,500.00. Following the sale, the insider now owns 79,435 shares of the company’s stock, valued at approximately $2,259,925.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Diane M. Sullivan sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $34.00, for a total transaction of $510,000.00. Following the sale, the chief executive officer now directly owns 609,578 shares in the company, valued at approximately $20,725,652. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,100 shares of company stock worth $2,144,427. 6.20% of the stock is owned by insiders.
Shares of Caleres Inc (NYSE CAL) opened at $29.00 on Friday. The firm has a market cap of $1,250.00, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.04 and a beta of 1.05. Caleres Inc has a 12-month low of $22.39 and a 12-month high of $34.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 1.93.
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Caleres Company Profile
Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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